Member Article

Care fees funding need advice

With all the current attention on care fees funding and the cap that will apply from April 2016, Kay Ingram, Divisional Director of LEBC Group Ltd, a firm which specialises in care fees funding, comments:

“Those who already have family members in care need to understand the changes and all the options they have and will have after April next year. Planning for care costs is a highly complex area that requires an understanding of care fees rules and benefits, investment markets and family dynamics.

“There is no single product solution and the advice has to be reviewed as care costs needs change. We have a unique care fees assessment report which can help them navigate the complexity of sources of funding and find a way to afford the care they need.”

LEBC’s bespoke ‘Care Fees Planning’ advisory service is designed to help people plan for their long term care needs. Its care fees assessment report helps the elderly and their families assess and review all funding options to arrive at the best solution. The service looks at available state benefits, disregarded assets (from the means test), power of attorneys and wills, Inheritance Tax implications, and self-funding options.

This was posted in Bdaily's Members' News section by LEBC Group Ltd .